First zero jobs report since 1945. Some media outlets are expressing the news as employers added zero jobs leaving an impression it was a willful act not to hire workers rather than a consequence of a moribund economy. Maybe the media will crank up the noise about CEO’s big paychecks and corporations not paying taxes. What’s a President to do if obstinate employers just won’t hire people?
About 14 million Americans remain unemployed and 42.9% of them have been out of work more than six months.
Another 2.6 million people were considered “marginally attached” to the workforce in August. They wanted and were available for work, and had looked for a job sometime in the last year, but were not counted in the unemployment figures because they weren’t actively searching for a job in August.
Overall, the so-called underemployment rate, which includes those people, as well as people who want to work full-time but are forced to work part-time, rose to 16.2%.
The last time the government reported exactly zero jobs added in a month was in February 1945.